ARIBA TO ACQUIRE SUPPLIERMARKET.COM
Ariba, Inc.announced that it has signed a
definitive agreement to acquire privately-held SupplierMarket.com, a leading
provider of online collaborative sourcing technologies that allow buyers and
suppliers of direct and indirect materials to locate new trading partners,
negotiate purchases and collaborate on the Internet.
SupplierMarket.com is a leader in
Internet-based collaborative sourcing technology with deep direct materials
sourcing expertise, both in the sourcing process itself and in specific
commodity areas. The company, which employs approximately 155 people, already
has over 7,700 registered buyers and more than 12,000 registered suppliers.
For more information, contact Ariba
at 650-930-6200, Web: www.ariba.com, or Holly Allison Supplier Market.com, 10
Mall Road Burlington, MA 01803, 781-273-6700, Fax: 781-273-6800, Web:
www.suppliermarket.com.
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